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Henderson 75758
5883 N Cape Drive
$512,000
● House - Off Market

5883 N Cape Drive

Chandler, TX 75758
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,376 Ft²
$547,974
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Lovely lakefront 3br 2ba 2car brick home on quiet cove, west side of Lake Palestine. Large detached workshop, detached brick garage.

Lake, ducks and sunrises convey.

Community park, pavilion, docks and boat launch.
Unit Size
2,376 Ft²
Days on Market
-
Land Size
0.95 acres
Price per sqft
$223
Property Type
House
Property Taxes
$479
HOA Dues
$37
Year Built
1996

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #20084108)

Price History

Date / Event Date Event Price
Aug 4, 2022 Sold
Premium
Sold
Jun 13, 2022 Listed by Quality Choice Solutions, LLC $530,000
Listed by Quality Choice Solutions, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 625
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,306
  • Total Building Area: 2,376
  • Gross Building Area: 2,376
  • Building Area: 2,376
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,376
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAPE TRANQUILITY #2 (48)
  • Land Acres: 0000000948
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LTS 106 & 107 AB 5 M CORTINAS SUR, CAPE TRANQUILITY SUBD #2, LTS 106 & 107

Neighborhood

  • School District Name: Brownsboro Independent School District
  • School Tax School District: BROWNSBORO ISD
  • Census Tract: 951403

Geography

  • Assessors Map Reference: 53X
  • Account Number: R000031862
  • Parcel: 2281-0000-1060-10
  • Lot: 106,107
  • Municipality: CHANDLER
  • Latitude: 32.1668
  • Longitude: -95.497

    Address

  • Full Address: 5883 N Cape Dr
  • Address - House Number: 5883
  • Street Direction: N
  • Address - Street Name: Cape
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Chandler
  • Carrier Code: R001
  • 4-Digit Zip Code: 4906
  • Zip Code: 75758

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $720,253
  • Tax Rate Code Area: BR,ES6,HC,

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 9
  • Final Value: 349,517
  • High Value: 508,084
  • Low Value: 190,949

    Market Valuation

  • Market Total Value: $439,210
  • Market Land Value: $25,464
  • Market Improvement Value: $413,746

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $439,210
  • Assessed Land Value: $25,464
  • Assessed Improvements Value: $413,746

    Sales

  • Current Sale Contract Date: Aug 04, 2022
  • Current Sale Recording Date: Aug 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 14805
  • Previous Sale Recording Date: Oct 04, 2016
  • Previous Sale Contract Date: Oct 03, 2016
  • Previous Sale Amount: $257,800
  • Previous Sale Document Type: 70

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Henderson

Stats & Trends

Median Asking:

$323,000

Sale Price/ft²

$185

Below Asking

0.04%

Average Days on Market

95

Average Home Size

2102 ft²

Average Home Age

-

Currently For Sale

692 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 7476 Autumn Trail, Frankston, TX, 75763

$1,495 /mo

  • 3 Beds
  • 2 Baths
  • 1,108 ft²
7476 Autumn Trail, Frankston, TX, 75763 Listing by Lisa Allsop

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Joseph Greene, Quality Choice Solutions, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20084108
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 5883 North Cape Drive built and last sold?
The property at 5883 North Cape Drive was built in 1996 and last sold on Aug 4, 2022 for $612,864.
How much is this home worth?
The estimated value of the home located at 5883 North Cape Drive is $535,300.
What are some comparable homes to 5883 North Cape Drive?
There are currently no comparable homes to 5883 North Cape Drive.
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